Houlihan Lokey, Inc.

Houlihan Lokey, Inc.

HLI
Houlihan Lokey, Inc.US flagNew York Stock Exchange
137.89
USD
+2.27
- -
9.52BMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
9.8
11.26
11.75
14.27
15.42
17.43
18.65
23.19
34.94
28.56
29.76
36.36
39.33
39.33
Basic EPS, GAAP
1.01
1.32
1.18
1.77
2.76
2.56
2.96
4.75
6.74
4.01
4.36
6.08
6.4
6.4
Free Cash Flow per Basic Share
2.69
3.17
0.04
3.89
3.89
3.5
4.3
8.6
11.2
1.35
4.07
12.31
10.25
10.25
Dividend per Share
0.02
0.04
1.94
0.9
0.83
1.08
1.3
1.4
1.77
2.22
2.31
2.51
2.62
2.62
Book Value per Share
1.52
2.83
0.49
1.43
3.32
4.44
6.07
9.12
14.2
16.31
18.08
21.22
24.72
24.72
Tangible Book Value per Share
1.19
2.86
-1.08
0.25
2.07
1.55
2.76
7.86
1.94
5.08
7.96
10.31
12.82
12.82
Basic Weighted Avg Shares
60
60
59
61
62
62
62
66
65
63
64
66
67
67
Sales/Revenue/Turnover
592
681
694
872
963
1,084
1,159
1,525
2,270
1,809
1,914
2,389
2,618
2,618
Operating Margin (%)
17.36
18.9
18.22
20.87
22.26
20.2
19.8
26.76
27
20.82
20.85
23.28
23.63
23.63
Depreciation Expense
6
6
7
9
8
14
17
15
49
58
29
41
43
43
Net Income, GAAP
61
80
70
108
172
159
184
313
438
254
280
400
426
426
Effective Tax Rate (%)
41.68
39.5
44.47
39.3
20.91
29.07
22
23.57
27.42
21.54
28.23
24.77
24.56
24.56
Profit Margin (%)
10.35
11.73
10.05
12.42
17.88
14.67
15.85
20.5
19.28
14.05
14.64
16.73
16.26
16.26
Working Capital
79
165
16
235
- -
-58
110
262
-87
116
281
480
603
603
LT Debt
- -
- -
77
33
12
9
159
175
198
375
415
438
492
492
Total Equity
715
826
654
730
853
891
984
1,384
1,444
1,613
1,837
2,175
2,453
2,453
Return on Invested Capital (%)
- -
10.08
9.04
14.94
20.89
17.56
17.55
22.59
26.82
16.1
13.57
17.26
16.85
16.85
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
60.75
69.85
186.53
116.93
65.78
56.2
63.98
57.51
26
25.52
31.25
28.01
28.01

Capital Structure

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
433
497
492
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
70
70
69
Market Capitalization
13,616
11,586
9,557

Working Capital

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
1,522
1,584
1,816
Cash, Cash Equivalents & STI
1,080
1,141
1,316
Accounts Receivable, Net
251
211
228
Inventories
- -
- -
- -
Total Current Liabilities
932
989
1,213
Payables & Accruals
932
989
1,213
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.52%
12.23%
12.78%
Free Cash Flow
1,053.73%
67.95%
-15.71%
Net Income, GAAP
24.98%
11.48%
6.5%
Sales/Revenue/Turnover
15.59%
13.74%
9.55%
Total Cash Common Dividend
7.51%
13.89%
5.34%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
416
467
511
520
1,914
2025
514
575
634
666
2,389
2026
605
659
717
636
2,618

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.96
1.04
1.1
1.26
4.36
2025
1.37
1.42
1.45
1.84
6.08
2026
1.47
1.67
1.75
1.5
6.4

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.66
0.55
0.55
0.55
2.31
2025
0.79
0.58
0.56
0.58
2.51
2026
0.79
0.62
0.61
0.59
2.62

Company Description

MCPAPIChat
CEO
Scott Joseph Adelson
Full Time Employees
2,601
Sector
Financial Services
Industry
Financial - Capital Markets
Address
10250 Constellation Boulevard Los Angeles CA United States of America 90067
IPO Date
Aug 13, 2015
Website
hl.com
Business
Houlihan Lokey, Inc. operates as a global investment banking firm, delivering a wide array of financial services globally. Its specialized offerings encompass mergers and acquisitions (M&A) advisory, capital markets solutions, financial restructuring, and sophisticated financial and valuation advisory services. The firm structures its operations across three primary divisions: Corporate Finance, Financial Restructuring, and Financial and Valuation Advisory. The Corporate Finance segment extends comprehensive financial guidance, assisting both public and private entities, including significant financial sponsors, with various transactions. This includes advising on both buyer-side and seller-side M&A activities, a diverse range of debt and equity financings across public and private markets, and other strategic corporate finance engagements. The Financial Restructuring division provides expert counsel to debtors, creditors, and other interested parties involved in recapitalization and deleveraging scenarios. Its services span the intricate structuring, negotiation, and confirmation of reorganization plans, analysis and design of exchange offers, evaluations of corporate viability, dispute resolution, expert testimony, and securing debtor-in-possession financing. Houlihan Lokey has been consistently recognized as a leading global restructuring advisor. Within the Financial and Valuation Advisory segment, the firm offers comprehensive valuation services for diverse assets, such as entire businesses, illiquid debt and equity holdings, and intellectual property. This segment is also responsible for issuing fairness opinions for M&A and other strategic transactions, solvency opinions for corporate spin-offs and dividend recapitalizations, and various other financial opinions. Additionally, it provides dispute resolution consulting and portfolio valuation and fund advisory. Serving a broad client base that includes corporations, financial institutions, financial sponsors, and government agencies, the company was established in 1972 and maintains its headquarters in Los Angeles, California. Houlihan Lokey boasts a significant international footprint with offices across the Americas, Europe, the Middle East, and the Asia-Pacific region, enabling a global reach with localized expertise. Recent strategic moves include the acquisition of Waller Helms Advisors and Park Sutton Advisors in December 2024 to bolster its Financial Services Group, along with ongoing expansion of its senior leadership across various groups in late 2025. The firm's independent advisory model, free from the conflicts often found in larger institutions, is a key element of its value proposition, allowing for objective client advocacy.

Company News

MCPAPIChat
  • Dividend Champion, Contender, And Challenger Highlights: Week Of June 7

  • Houlihan Lokey Expands GP-Led Secondaries Capabilities into Real Estate With Senior Hire in Capital Solutions Group

  • Houlihan Lokey Expands Business Services Group With Strategic Senior Hire

  • Houlihan Lokey Expands Business Services Group With Strategic Senior Hire

  • Kaskela Law LLC Announces Investigation of Houlihan Lokey, Inc. (HLI) and Encourages Long-Term HLI Shareholders to Contact the Firm

  • Houlihan Lokey Grows Global Technology Group With Experienced Hire

  • Houlihan Lokey Q4 Earnings Call Highlights

  • Compared to Estimates, Houlihan Lokey (HLI) Q4 Earnings: A Look at Key Metrics

  • Houlihan Lokey (HLI) Misses Q4 Earnings and Revenue Estimates

  • Houlihan Lokey, Inc. (HLI) Q4 2026 Earnings Call Transcript

  • Houlihan Lokey Reports Fiscal Year and Fourth Quarter 2026 Financial Results

  • Lexitas CEO Nishat Mehta to Speak on AI in Litigation Support at 2026 ONE Houlihan Lokey Global Conference

  • Analysts Estimate Coinbase Global, Inc. (COIN) to Report a Decline in Earnings: What to Look Out for

  • Implied Volatility Surging for Houlihan Lokey Stock Options

  • Earnings Preview: Houlihan Lokey (HLI) Q4 Earnings Expected to Decline

  • PJT Partners (PJT) Surpasses Q1 Earnings and Revenue Estimates

  • XP vs. HLI: Which Stock Is the Better Value Option?

  • Houlihan Lokey Announces Release Date for Fourth Quarter and Full Year Results for Fiscal Year 2026

  • Houlihan Lokey: A Strong Contender in the Investment Banking Arena

  • Exchange Traded Concepts LLC Boosts Stake in Houlihan Lokey, Inc. $HLI